Blaw212 final exam - Study guides, Class notes & Summaries

BLAW212 Final Exam Questions with Correct Answers Executory consideration - Answer-a promise to do something (or refrain from it) in the future; e.g. hire purchase of a car, mow lawns next week for $20 (a promise for a promise) Executed consideration - Answer-something given or done when the contract comes into existence; cash purchase, reward for lost property Privity of Contract - Answer-only a party to the contract can sue on the contract. a third party may not sue for a benefit ...

BLAW212 Final Exam Questions with Correct Answers Executory consideration - Answer-a promise to do something (or refrain from it) in the future; e.g. hire purchase of a car, mow lawns next week for $20 (a promise for a promise) Executed consideration - Answer-something given or done when the contract comes into existence; cash purchase, reward for lost property Privity of Contract - Answer-only a party to the contract can sue on the contract. a third party may not sue for a benefit ...

BLAW212 Exam Questions with All Correct Answers What is a contract? - Answer-A promise or set of promises which the law will enforce Four elements of a contract - Answer-Offer, acceptance, intention to be bound, consideration Definition of offer - Answer-An offer is clear and unambiguous undertaking or promise to be bound by specified terms which becomes binding upon acceptance Invitation to treat - Answer-another party is invited to make an offer or enter negotiations Revocation...

BLAW212 Final Exam Questions with Correct Answers Executory consideration - Answer-a promise to do something (or refrain from it) in the future; e.g. hire purchase of a car, mow lawns next week for $20 (a promise for a promise) Executed consideration - Answer-something given or done when the contract comes into existence; cash purchase, reward for lost property Privity of Contract - Answer-only a party to the contract can sue on the contract. a third party may not sue for a benefit ...

BLAW212 Exam Questions with All Correct Answers What is a contract? - Answer-A promise or set of promises which the law will enforce Four elements of a contract - Answer-Offer, acceptance, intention to be bound, consideration Definition of offer - Answer-An offer is clear and unambiguous undertaking or promise to be bound by specified terms which becomes binding upon acceptance Invitation to treat - Answer-another party is invited to make an offer or enter negotiations Revocation of...

BLAW212 2024 Exam Questions and Answers All Correct (1) Doctrine of Part Performance Test - Answer-1. is there an enforceable agreement but for section 24 of the Property Law Act 2007 2. has there been part performances of the oral agreement to do something which is: A. clearly a step in the performance of a contractural obligation or right under that agreement; and B. Was on the balance of possibilities done on the basis that a contract for the sale of land as alleged was in existence? ...

BLAW212 Exam Questions with All Correct Answers What is a contract? - Answer-A promise or set of promises which the law will enforce Four elements of a contract - Answer-Offer, acceptance, intention to be bound, consideration Definition of offer - Answer-An offer is clear and unambiguous undertaking or promise to be bound by specified terms which becomes binding upon acceptance Invitation to treat - Answer-another party is invited to make an offer or enter negotiations Revocation of...

BLAW212 FINAL EXAM TEST QUESTIONS WITH CORRECT DETAILED ANSWERS GRADED A+ Composition during bankruptcy - Answer-Compromise proposal to creditors, 3/4 must accept by number and value Proposal prior to bankruptcy - Answer-Similar to composition and need 3/4. Business is no longer running but there is still plenty of work to do Summary instalment orders - Answer-$40,000 or less, you can pay in instalments over time. Can't sue unless there is a default in the process. No asset proced...